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Genesis Energy to repay revolving credit facility via note proceeds
By Tali Rackner
Norfolk, Va., May 12 - Genesis Energy, LP plans to use the proceeds from a new senior note offering to repay outstanding borrowings under its revolving credit facility, the company said in a press release.
Proceeds will also be used for general partnership purposes.
The company plans to co-issue $300 million of senior unsecured notes due 2024 with subsidiary Genesis Energy Finance Corp.
Genesis Energy is a Houston-based diversified midstream energy master limited partnership.
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